ThredUp is expected to report lower revenues and earnings results, with stock price down 23.7%

From Barchart: 2024-11-03 07:02:20

ThredUp will be reporting earnings results after market close, following a disappointing quarter where revenues missed analysts’ expectations by 3.3% at $79.76 million. Revenue guidance for next quarter and EBITDA estimates also fell short. Analysts predict a 14.2% revenue decline to $70.37 million this quarter with an expected adjusted loss of -$0.15 per share. ThredUp missed Wall Street’s revenue estimates three times in the past two years. Peers in the apparel sector have reported mixed Q3 results, with VF Corp up 27% and Kontoor Brands up 6.7% following revenue reports. ThredUp’s stock price is down 23.7% in the last month, with an average analyst price target of $3.



Read more at Barchart: ThredUp (TDUP) Reports Earnings Tomorrow: What To Expect